Bond Transparency Act of 2014
Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.
Bond Transparency Act of 2014 - Amends the Securities Exchange Act of 1934 to define a "riskless principal transaction" as any transaction the Securities and Exchange Commission (SEC) identifies as one, but primarily one in which a broker, dealer, or municipal securities dealer acts on a customer order to buy or sell either municipal securities or corporate debt securities while also acting as principal for its own account in order to complete the transaction.
Requires a broker or dealer, at or before completion of the transaction, to make a markup disclosure in writing to the customer of the difference between either: (1) the customer's purchase price and the broker or dealer's purchase price; or (2) the customer's sale price and the broker or dealer's sale price.
Subjects riskless principal transactions in corporate debt securities to the same markup disclosure requirements as those for riskless principal transactions in municipal securities.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Introduced in Senate Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). S. 2114: Bond Transparency Act of 2014. 113th Congress. Open America. https://openamerica.io/bill/113-S-2114/
"S. 2114: Bond Transparency Act of 2014." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-S-2114/.
S. 2114, 113th Cong. (2026), https://openamerica.io/bill/113-S-2114/.
[S. 2114: Bond Transparency Act of 2014](https://openamerica.io/bill/113-S-2114/)